Evander suffers seismic setback

Production has been halted and rescue operations are underway after a significant seismic event at Harmony Gold Mining‘s (HGMCY-Q) Evander operations in South Africa.

Harmony said the event, near shat no. 8, occurred around 5:15 AM local time on July 12.

The company said in a prepared statement that three men are missing and that a total of 4 employees suffered injuries, with one suffering “serious” injuries.

For the year ending 30 June 2001, the Evander operations milled just under 2.5 million tonnes with the recovery grade hitting 5.74 grams gold per tonne. The mine sold a total of 458,212 oz. of the yellow metal. Cash operating profit of R259.1 million was 104% better than the previous reporting period. The improvement is attributed to a two-year program development program at the mine. Cash costs rang in at US$199 per oz.

During the period, the No. 2, No. 3 and No. 5 shafts were re-opened for mining, and grades in the No. 8 shaft area were generally higher than expected. Grades are expected to return to slightly lower levels.

Looking ahead, Harmony expects Evander to produce about 183,000 tonnes per month during the current financial year. Recovery grade is projected at 6 grams gold per tonne.

Print


 

Republish this article

Be the first to comment on "Evander suffers seismic setback"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close